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Automotive & Industrial Engine Rebuilding Business For Sale

Cortland, New York
Asking Price:
$350,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$199,290 (USD)
Cash Flow:
$64,579 (USD)

~Automotive & Industrial Engine Rebuilding Business w/option to purchase real estate
~Long-established strong customer base
~Machinist with 30+ years of experience would like to remain with the business.
~Shop is completely equipped with all necessary tools, both large and small.
~The business consists of approximately 60% industrial and agricultural diesel rebuilding and 40% automotive, with a strong emphasis on antique and special interest jobs.

Property information

Real Estate:

Lease

Lease Terms:

First year lease is $1,000/month and second year lease is $1,500/month, with rent to be applied to the purchase of land/building.

Location:

Cortland County

Premises Details:

3,100 sq. ft. cement block building with a steel roof, attic storage, 3-phase electricity and forced air heating, and with beams and trolleys throughout. Located on a 60’ x 160’ lot. Parking available for ten vehicles.

Business Operation

Expansion Potential:

There is untapped potential in local industrial, commercial and agricultural engine rebuilding, as well as shaft salvaging using submerged arc welding and OD grinding.

Competition / Market:

The nearest major competitors are thirty miles away.

Reasons for selling:

The seller is ready to retire.

Trading hours:

Monday – Friday (8AM – 5PM)

Employees:
1 FT
Years established:
39

Other Information

Support & training:

The seller offers a minimum of eight weeks of training to assure a smooth transition.

Furniture / Fixtures value:
$320,000 (USD) - included in the asking price
Inventory / Stock value:
$3,000 (USD) - included in the asking price

Contact Information

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